TechFlow reports that on February 24, according to CoinDesk, Adam Back, CEO of Bitcoin Standard Treasury Company (BSTR), stated that despite Bitcoin’s recent price decline to around $63,000, the company still plans to go public via a merger with Cantor Equity Partners I (CEPO), a special purpose acquisition company (SPAC), with shareholder approval expected as early as April this year. Upon listing, BSTR will debut with a balance sheet holding 30,000 BTC—25,000 BTC contributed by Back and founding shareholders, and 5,000 BTC contributed in-kind by early investors. Back believes the current lower Bitcoin price is actually advantageous for the company, enabling it to accumulate more Bitcoin at a discount post-listing. He attributes Bitcoin’s recent decline to macroeconomic uncertainty rather than regulatory concerns.
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